2001 Federal Register Items (January - December)

The Federal Register
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of the Public Debt published in the Federal Register from January 2001 through December 2001
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2001 Federal Register Items (January - December)

November 13, 2001

Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds; Calculation of Net Long Position and 35 Percent Limit

Action: Final Rule

The Department of the Treasury is issuing in final form an amendment to 31 CFR Part 356 (Uniform Offering Circular for the Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds). This amendment modifies the calculation of the net long position (“NLP”) to be reported in “reopenings,” which are auctions of additional amounts of previously issued securities.

Action: Final Rule.
The Department of the Treasury amends the Supplemental Regulations Governing Federal Housing Administration (FHA) Debentures by requiring debentures to be forwarded to the Bureau of the Public Debt for processing. The FHA debentures, issued under the National Housing Act as amended, were previously submitted to the Federal Reserve Bank of Philadelphia. This amendment reflects that the Bureau of the Public Debt, Office of Public Debt Accounting, will perform day-to-day operations and transactions relating to the debentures.

Action: Determination of substantially identical state statute.
The Department of the Treasury is announcing that it has reviewed the recently enacted South Carolina law adopting the 1994 Revision of Article 8 of the U.C.C. along with the conforming amendments from the 1998 Revision of Article 9 of the U.C.C. and has determined that it is substantially identical to the uniform version of Revised Article 8 for purposes of interpreting the rules in 31 CFR part 357, subpart B (the “TRADES” regulations).

Action: Determination of substantially identical state statute.
A number of states have recently enacted laws adopting Revised Article 9 of the Uniform Commercial Code--Secured Transactions (“Revised Article 9”). Treasury is confirming that for states for which it has previously published a determination that their statutes were “substantially identical” to the uniform version of Revised Article 8 for purpose of interpreting the rules in 31 CFR Part 357, Subpart B (the “TRADES regulations”), such determination is not affected by a State's adoption of amendments in Revised Article 9. Treasury has also reviewed Rhode Island's enactment of Revised Article 8 and has determined that it is “substantially identical” to the uniform version of Revised Article 8 for purpose of the TRADES regulations.